Copper leaps to three-week high on US-Iran ceasefire
From zawya.com
Copper jumped to a three-week high on Wednesday after U.S. President Donald Trump ​agreed to a two-week ⁠ceasefire with Iran, easing fears of a global economic slowdown as a result of the Middle East conflict. Benchmark three-month copper on the London Metal Exchange was up ​3.5% at $12,737.50 a metric ton by 0920 GMT after touching its highest since March 18 at $12,755.50. ​Copper fell by ​7.6% in March on economic fears sparked by the Iran war. The ceasefire is subject to Iran's agreement to pause its blockade of oil ⁠and gas passing through the Strait of Hormuz, Trump said. Crude oil prices fell more than 16% ...
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